Own The Ice is evaluating the purchase of a new zamboni that costs $$690,000,$ will have a CCA rate of $20\%,$ an estimated useful life of $10$ years and a zero terminal disposal price. The company's marginal tax rate is $32\%.$ It is estimated that the zamboni will create the most amazing ice surface, attracting significant additional arena rentals and therefore increase annual before tax profits by $$155,000.$

The net present value of this investment using a $12\%$ after tax rate of return is $$50,926\mathrm{.}36.$ Based on this information, calculate the internal rate of return to two decimal places using interpolation.

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Multiple Choice

$13\mathrm{.}91\%$

$12\mathrm{.}86\%$

$13\mathrm{.}69\%$

$13\mathrm{.}42\%$

$13\mathrm{.}55\%$